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Canada Life Asset Management launches Sterling Short Term Bond Fund

Canada Life Asset Management today announces the launch of the LF Canlife Sterling Short Term Bond Fund.

 

The Fund, which is suitable for institutional investors, aims to provide stability of capital and an income through investment in sterling-denominated short-term fixed income and variable rate bonds including money market instruments. The fixed income instruments may include commercial paper, certificates of deposit, floating rate notes and short-dated bonds. The Fund may also use short term deposits.  All assets will be rated between AAA and A at the point of purchase.

 

The Fund is managed by Steve Matthews, Liquidity Fund Manager, who has over 20 years’ experience managing Canada Life Asset Management’s liquidity funds for a number of institutional clients as well as strategic partners. This includes the LF Canlife Sterling Liquidity Fund, which has over £670 million* in assets under management and recently marked its five-year anniversary.

 

Steve Matthews, Fund Manager, Liquidity at Canada Life Asset Management, said: “Following the strong demand from institutions for the LF Canlife Sterling Liquidity Fund, we are broadening our suite of vehicles for investors with short and medium-term cash requirements. With the launch coming at a time of economic and market uncertainty, the Fund aims to generate a return on investors’ short-term deposits and manage cash flow efficiently, whilst also strategically putting cash reserves to play in markets.”

 

 

 

*As at 31/05/2022

 

About Canada Life Asset Management

At Canada Life Asset Management, we manage £40.9bn** in fixed income, equities, UK property and multi-asset solutions. Our range of investment solutions has been designed to support our investors and their clients in meeting their long-term objectives.

For more information visit www.canadalifeassetmanagement.co.uk

 

**As at 31/03/2022